edtech

Saritha Rai / Bloomberg: Source: Byju's has offered to buy 2U Inc. for ~$15/share, a 61% premium to its Tuesday closing price, in a cash deal that values the US edtech company at ~$2B — Indian online-education provider Byju's has offered to buy 2U Inc. in a cash deal that values the US-listed edtech company … Saritha Rai / Bloomberg: Source: Byju's has offered to buy 2U Inc. for ~$15/share, a 61% premium to its Tuesday closing price, in a cash deal that values the US edtech company at…

Edtech startup PhysicsWallah has raised $100 million in Series A funding from Westbridge and GSV Ventures, becoming India's 101st unicorn and the first edtech player to achieve this milestone, the company announced.The company will be valued at $1.1 billion, it said in a statement.PhysicsWallah said it will use these funds raised for business expansion, branding, opening more learning centres, and introducing more course offerings."We are delighted to join the unicorn bandwagon with this latest funding. This development…

In a bid to understand edtech startups mission and support their innovation while taking a deep dive into their key problems, Amazon Web Services (AWS) and Intel hosted 'EdTech CXO Mixer' in New Delhi-NCR and Bengaluru recently.The event brought edtech founders, CEOs, CTOs and CXOs, including those who use AWS to deliver their edtech solutions in India and the world, to meet and learn about each other's business and best practices.The founders discussed their startup missions and motivations to be in the edtech business…

Another edtech startup Udayy, backed by Info Edge, has shut shop, laying off all 100 employees as schools, colleges and physical tuition centres reopen.Udayy's co-founder Saumya Yadav said that the startup was witnessing the post-pandemic world for the first time as "as the kids went back to school, we faced roadblocks in growing the original model of online, live learning"."After a lot of deliberation, we decided that it's better to shut down the business than to spend more time and capital on it,a Yadav said.The…

In the latest string of layoffs in the funding winter, conglomerate Indiabulls' social commerce platform Yaari has reportedly laid off nearly 150 employees which makes 60 per cent of its workforce.According to a report in the leading startup news coverage portal Inc42, Yaari is likely to be merged with another Indiabulls-backed entity called 'Dhani', which is an ecommerce platform.The layoffs reportedly occurred in the last week of April across supply support, customer support, business development and marketing…

A Edtech firm FrontRow on Monday laid off nearly 150 full-time and contractual employees, media reports said.The Bengaluru-based non-academic upskilling startup fired almost 30 per cent of its workforce, owing to fund crunch and the market downturn.It has become the latest online learning portal after WhiteHat Jr, Unacademy, and Vedantu to sack its employees."As we've scaled our business over the last year, we have invested heavily in growth, particularly as we've been creating a new category," Founder Ishaan Preet Singh…